Aggregate supply: Difference between revisions

In [[economics]], '''aggregate supply''' ('''AS''') or '''domestic final supply''' ('''DFS''') is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy.{{Citation needed|date=February 2012}}

 

There are two main reasons why the amount of aggregate output supplied might rise as ''P'' rises, i.e., why the ''AS'' curve is upward sloping: